ST Alpha - "Yeah, see I don't get it. I thought we wanted them to be profitable. I thought that was the point. " (Reading a Post)

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In response to "As wacky as Max has been in the past, in all fairness to him a lot of mainstream folks have kinda been making this point" by Brian

Yeah, see I don't get it. I thought we wanted them to be profitable. I thought that was the point.

Posted by pmb (aka pmb) Jul 17 '09, 12:05

Now they've paid back the money. As far as I'm concerned we're all square. If they're doing it legally and in accordance with hopefully tighter regulations, go forth and prosper. We'll all be better off.

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As Steve Pearlstein said in today's WP - Brian Jul 17, 12:13
no, the whole TARP emergency was sold as "unfreeze the credit markets before this sucker goes down." they took the money but the credit markets still - just dug Jul 17, 12:08 1
- It's all tied together. Part of the reason that the credit markets suck (really one of the biggest reasons) is that the economy sucks. - pmb Jul 17, 12:12

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Yeah, see I don't get it. I thought we wanted them to be profitable. I thought that was the point.

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